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NFT Marketplace Gem.xyz Ousts Developer Over 'Pattern of Sexual Misconduct'
Co-founder Lorens Huculak says developer "Neso" was dismissed after the team was made aware of the situation.
A pseudonymous developer going by the handle "Neso," who was involved in the non-fungible token (NFT) marketplace Gem.xyz, has been dismissed after the core team was made aware of allegations of sexual improprieties.
- In an update posted on the project's Discord, co-founder Lorens Huculak said that "after immediately undertaking a review of the allegations, we determined the actions to be in clear violation of our values and expectations, and we exited Neso immediately."
- When contacted by CoinDesk, Huculak did not go into further details regarding the allegations or say if he was aware of Neso's real identity, only pointing to an earlier statement on Discord that the company is fully remote and Neso was an anonymous developer.
- Like many projects in the decentralized finance (DeFi) industry, some members of Gem's teams use pseudonyms, making any sort of due diligence or background checks difficult.
- In January, the DeFi community behind the protocol Wonderland was rocked when it learned that "Sifu," a core member of the founding team, was previously the co-founder of the infamous Canadian exchange QuadrigaCX.
- Although Huculak refers to Neso as an anonymous developer, in a prior video interview with blockchain analytics platform Nansen, Neso is listed as a co-founder.
- Huculak would not confirm if Neso is a shareholder of Gem XYZ Pte Ltd, the Singapore-registered firm behind the project.
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Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
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- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
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